Australia’s 178 billionaires are $25.7bn richer than last year as 3.7 million live in poverty

AI Summary

Oxfam finds the 20 richest Australians now hold more wealth than the bottom 3 million households, analysis shows Get our breaking news email, free app or daily news podcast The wealth of Australia’s billionaires increased by $25.67bn in the past year, equivalent to almost $50,000 a minute, according to new Oxfam Australia analysis of the 2026 Australian Financial Review Rich List. Newsiline summarises this report from The Guardian Australia and links readers to the original publisher for the full story.

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